I actually thought it looked really fun. I like to think I understand the fundamentals of game development, and TES: Online isn't supposed to be polished at this point. I don't understand why people are being so critical.
Part of me is really excited about this game because I suggested it, many years ago, and many of the Elder Scrolls die-hards and haters said it could never be done, or that it would never be done.... well it's 2013, and we're going to see an Elder Scrolls MMO. Exciting times, if you ask me.
I don't know if talking about the leaked footage is taboo here... but I just wanna go on record as saying, I liked what I saw, and will probably be pre-ordering.